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Security Type
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CAFES
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Categories
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Financial Services, Food & Beverage, Consumer Goods & Products, Retail
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$1.00M
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No. Investors
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205
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $12,216
- Revenue
- $146,779
- Short Term Debt
- $89,292
- Cost of Goods
- $221,603
- Long Term Debt
- $203,261
- Net Income
- $-95,260
Key Deal Facts
Oct 2023 Retail Launch: Already in 370+ Stores Nationwide
$50K Launch Revenue with Consistent Repeat Sales
Expanding Retailer Interest Pipeline for 2024
Served 20K+ Customers Online Successfully
Over 1000 Five-Star Reviews and Counting
2023 Specialty Food Association 'On Trend Product' Award
2023/2024 KeHE Distributors 'On Trend Product' Finalist
Engaged Customer Base Urging Top Retailers Nationwide to Stock Our Products
Management Team / Advisory Board Bios
Michael Anderson Founder & CEOI'm Michael Anderson, the founder and driving force behind Chilau Foods. My love for family, southern cuisine, and the cooking traditions of my gramma's kitchen fuels my passion. With unwavering determination and a vision to share the flavors of my southern heritage, I embarked on a journey to create a brand that celebrates bold Southern tastes and the joy of effortless cooking. My commitment to excellence and a deep-rooted connection to the food I love have led me here, ready to share Chilau with the world. Join us on this flavorful adventure as we redefine Southern-inspired cooking, one delicious dish at a time.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.